The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.
Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year.
Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
The Department of Environment and Natural Resources (DENR) reported a notable increase in compliance with the country's solid waste management laws, with 328 local government units (LGUs) securing approved 10-year Solid Waste Management Plans (SWMPs) from July 2022 to June 2025.
Cebu Pacific is transferring more of its turboprop aircraft operations from Manila’s Ninoy Aquino International Airport (NAIA) Terminal 2 to Clark International Airport, effective 26 October 2025.
Security Bank Corp. has raised its acquisition price for a 25percent stake in Home Credit Philippines to ₱11.59 billion, marking a ₱1.22-billion increase from its initial offer to MUFG Bank Ltd., which currently holds the shares.
DITO Telecommunity Corp. announced Thursday it will not oppose the newly enacted Konektadong Pinoy Act, choosing instead to participate actively in shaping its implementing rules and regulations (IRR), particularly on cybersecurity and service standards.